Australian financial advisory firm AMP Ltd said on Thursday it had appointed inclusion and diversity consultancy Symmetra to undertake a workplace conduct review after the company was hit by a corporate scandal.
FILE PHOTO: The logo of AMP Ltd, Australia's biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017 REUTERS/David Gray/File Photo
Australian companies are rushing to review their codes of conduct and have made the issue a priority after incidents of misconduct recently came to light at AMP and QBE Insurance Group . AMP was forced to demote the head of its fund management unit, Boe Pahari, in August over comments he made to a female colleague in 2017 which breached the company’s code of conduct. Its chairman David Murray also resigned in the fallout as the board had supported Pahari’s promotion despite knowing about the conduct issues.
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